McCain's Economy Plan, a day late
McCain unveils his economic plan, in addition to his proposal to spend $300 billion purchasing mortgages at face value and renegotiating them at lower values. It comes a day after Obama unveiled his stimulus plan, involving job credits for small business.
McCain's package:
"SENIORS: Lower Taxes On Seniors Tapping Their Retirement Accounts."SENIORS: Suspend Tax Rules That Force Seniors To Sell Their Stocks In The Midst Of This Financial Crisis.
"SAVERS: Accelerate The Tax Write-Off For Those Forced To Sell At A Loss In The Current Market.
"SAVERS: Reduce Capital Gains Taxes For 2009 And 2010 To Raise The Incentive To Save And Invest.
"HOMEOWNERS: Purchase Mortgages Directly From Homeowners And Mortgage Servicers, And Replace Them With Manageable, Fixed-Rate Mortgages.
"WORKERS: Eliminate Taxes On Unemployment Benefits."
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